Buy Opportunity on USDCAD
On UsdCad, a potential buy setup could be forming. On the daily timeframe, it could be identified that buyers seem to be taking over this pair for the time being. I'll be attempting to ride the bullish wave while it's trending.
On the smaller timeframes, we could notice that price had a strong bullish rally towards the upside followed by a huge selloff that brought price back where it initially was before the bullish rally. If we could pullback towards the pivot point that includes a Daily Significant Level & a Non-Horizontal Level, I'll be looking for bullish rejection before placing buys on this pair.
On the smaller timeframes, we could notice that price had a strong bullish rally towards the upside followed by a huge selloff that brought price back where it initially was before the bullish rally. If we could pullback towards the pivot point that includes a Daily Significant Level & a Non-Horizontal Level, I'll be looking for bullish rejection before placing buys on this pair.
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